Xiaomi-backed smart electronics provider Longcheer received $100m in a round co-led by Shenzhen Capital Group and Shenzhen Qianhai Wanrong Hongtu Investment Fund.
Shanghai Longcheer Technology, a China-based smart electronics producer backed by consumer electronics manufacturer Xiaomi, has secured $100m in series B funding, DealStreetAsia reported on Friday.
Venture capital firm Shenzhen Capital Group co-led the round with VC firm Shenzhen Qianhai Wanrong Hongtu Investment Fund, and it included investment bank Xiangcai Securities’ Jintaifu Capital Management platform.
Accurate Capital, Huaxu Industrial Investment Fund, Forebright Capital Management and FutureX Capital filled out the round.
Longcheer is an original device manufacturer (ODM) that designs, develops…
